Daily iron ore price update (dead cat bounce)

Thursday, 23 September 2021

The ferrous complex dead cat bounced yesterday which is entirely normal for a grand bear market. Spot launched higher and paper kept running overnight:

Funny stuff typical of a bear market.

Not much to report in wider news. Evergrande will be restructured. It is not the problem. This is NOT over:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.